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Type: Posts; User: fpsb

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  1. Answers
    0
    Views
    276

    Par value of stock after a split

    Abbott Corporation splits its common stock 3 for 1, when the market value is $90 per share. Prior to the split, Abbott had 100,000 shares of $21 par value common stock isssued and outstanding. After...
  2. Answers
    3
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    1,849

    Corporations, proprietorships, and partnerships

    A major difference among corporations, proprietorships, and partnerships is that a corporation's income statement reports income tax expense

    True or false?

    I think it is false.
  3. Question: Stock dividend

    by fpsb
    Answers
    1
    Views
    920

    stock dividend

    Will a 10% stock dividend increase the number of shares outstanding and decrease the book value per share?

    I think it is true..
  4. Question: Cash Dividends

    by fpsb
    Answers
    0
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    365

    Cash Dividends

    The Amy Corporation was incorporated on January 1, 2006. The company issued 5,000 shares of 5% $100 par value cumulative preferred stock and 200,000 shares of $10 par value common stock. On December...
  5. Question: Debits and credits

    by fpsb
    Answers
    5
    Views
    582

    They are increased by a credit

    They are increased by a credit
  6. Question: Par value of stock

    by fpsb
    Answers
    0
    Views
    332

    Par value of stock

    Abbott Corporation splits its common stock 3 for 1, when the market value is $90 per share. Prior to the split, Abbott had 100,000 shares of $21 par value common stock isssued and outstanding. After...
  7. Question: Debits and credits

    by fpsb
    Answers
    5
    Views
    582

    I think both are increased by a debit.

    I think both are increased by a debit.
  8. Question: Debits and credits

    by fpsb
    Answers
    5
    Views
    582

    Debits and credits

    What are Common Stock Dividends Distributable increased by?

    What are Income Taxes Payable increased by?
  9. Question: Compute book value

    by fpsb
    Answers
    0
    Views
    259

    compute book value

    The balance sheet for Werner Company shows the folllowing:

    Common Stock, $5 par value, 30,000 issued... $150,000

    Additional paid-in-capital in excess of par... $100,000

    Retained Earnings......
  10. Answers
    5
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    11,332

    My answer is D, would someone be able to verify?

    My answer is D, would someone be able to verify?
  11. Answers
    5
    Views
    11,332

    compute total legal capital

    What is the formula for computing total legal capital?


    A Corporation's stockholders' equity at December 31 consists of the following:

    Preferred stock, 8%, $50 par value, call price $55 per...
  12. Answers
    18
    Views
    7,422

    Thank you so much for your help! It's nice to...

    Thank you so much for your help! It's nice to know that I knew most of the answers!
  13. Answers
    18
    Views
    7,422

    corporation's stockholder equity

    I have to find the number of common shares issued, and the number of common shares outstanding. I think the number of common shares issued is 500,000. I need help calculating the number of shares...
  14. Answers
    18
    Views
    7,422

    common stock

    If a company issues 1,000 shares of $2 par value common stock for $8,000, then recording the journal would involve:


    A. Paid-In Capital in Excess of Par Value will be credited for $8,000.
    B....
  15. Answers
    18
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    7,422

    I believe the answers are: True True True ...

    I believe the answers are:

    True
    True
    True

    But I'm not sure. Can someone verify for me?
  16. Answers
    18
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    7,422

    1. Dr. Cash 20000 Cr. Capital 20000 2....

    1. Dr. Cash 20000
    Cr. Capital 20000

    2. Dr. Equipment 7800
    Cr. Accounts Payable 4800
    Cr. Cash 3000

    3. Dr. Cleaning Supplies
    Cr. Accounts Payable
  17. Answers
    18
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    7,422

    Corporations: organizational and capital stock transactions

    Can someone let me know if these questions are true/false:

    1. The par value of common stock is usually different from the market value of stock.

    2. If a coporation was liquidated, preferred...
  18. Answers
    18
    Views
    7,422

    Accounting journal entries

    I just have a few transactions that I want to make sure I have made the correct journal entries to:

    1. Invested $20,000 cash in the business.

    2. Purchased used truck for $7,800, paying $3,000...
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